OAKVILLE, ON, Nov. 19, 2012 /PRNewswire/ - Algonquin Power & Utilities Corp.
("APUC") (TSX: AQN), today announced that it has provided the holders
of its Series 3 - 7% convertible unsecured subordinated debentures due
June 30, 2017 ("Debentures") (TSX:AQN.DB.B) notice of its intention to
redeem for equity, effective January 1, 2013 ("Redemption Date"), all
of the issued and outstanding Debentures.

The redemption will be effected in accordance with the terms and
definitions of the trust indenture governing the Debentures. APUC will
satisfy its obligation to pay holders of Debentures
("Debentureholders") by issuing and delivering the number of freely
tradeable APUC shares obtained by dividing the aggregate principal
amount of Debentures, currently $62,196,000, by 95% of the current
market price, as defined in the trust indenture governing the
Debentures, of APUC shares on the Redemption Date. Unpaid accrued
interest on the Debentures will be paid in cash at the time of
redemption.

Debentureholders who are not directly the registered holder of the
Debentures should contact the financial institution, broker or other
intermediary through which their Debentures are held to discuss the
receipt of their redemption proceeds.

Debentureholders may elect to convert their Debentures in accordance
with the trust indenture governing the Debentures prior to the
Redemption Date up to the end of business on December 31, 2012 by
notifying their broker or other intermediary through which their
Debentures are held. Debentures may not be converted between the dates
of December 19, 2012 through December 30, 2012 due to a "books closed"
period preceding the interest payment date of December 30, 2012.

About Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp. owns and operates a diversified
portfolio of $1.7 billion of regulated and non-regulated utilities in
North America. The company's regulated utility business provides
regulated water, electricity and natural gas utility services to more
than 335,000 customers with a portfolio of 27 distribution utility
systems. The company's non-regulated electric generation subsidiary
includes 23 renewable energy facilities and 7 thermal energy facilities
representing more than 460 MW of installed capacity. Algonquin delivers
continuing growth through an expanding pipeline of renewable power and
clean energy projects, organic growth within its regulated utilities
and the pursuit of accretive acquisition opportunities. Common shares
and Preferred shares are traded on the Toronto Stock Exchange under the
symbol AQN and AQN.PR.A respectively. Visit Algonquin Power and
Utilities at www.AlgonquinPowerandUtilities.com and follow us on Twitter @AQN_Utilities.

While walking around the office I happened upon a relatively new employee dragging emails from his inbox into folders. I asked why and was told, “I’m just answering emails and getting stuff off my desk.” An empty inbox may be emotionally satisfying to look at, but in practice, you shou...

An update to the Web Content Accessibility Guidelines (WCAG) is coming. Did I lose you already? If you're not familiar with WCAG, it's a collection of guidelines that developers, designers and accessibility experts use to help ensure the apps and websites they create are accessible to ...

Hiring a digital marketer starts as soon as you plan to launch a prototype of your innovative idea. But, without knowing anything about digital marketing, you may not be able to reach out to investors and target audiences. You can follow the following basic points to know the significa...

Java 9 ships with some minor—yet awesome—new language features that make developing easier and cleaner. In this post, we’ll take a look at three of these new features.
You probably remember interface methods, which were introduced in Java 8. These are required so that Java itself, as ...

Digital transformation has changed the way users interact with the world, and the traditional healthcare experience no longer meets rising consumer expectations. Enterprise Health Clouds (EHCs) are designed to easily and securely deliver the smart and engaging digital health experience...